Using a boring head for turning operations in the mill is going to be quite restrictive. A boring head is nothing more than a fixed point tool rotating at a certain diameter. Its orientation could be such that it can bore either a hole, or turn a single diameter OD boss.
Every different diameter requires a new boring head set to the appropriate diameter. Due to imbalance, it is likely an unworkable solution.
The instances I have seen of guys doing fancy profiles and fillets with the mill, they chucked the work in the spindle somehow, and then turned against a fixed tool held in a vise type fixture on the table. Even that can be a headache if the required G2's and G3's happen to turn out backwards to the normal machine motions.
First you get good, then you get fast. Then grouchiness sets in.
(Note: The opinions expressed in this post are my own and are not necessarily those of CNCzone and its management)